AD Ports Group, the leading facilitator of global trade, logistics and industry, has launched a joint venture with SEG, one of the largest oil and gas companies in Uzbekistan, to open new logistics and freight businesses and signed a Memorandum of Understanding to develop a food trading hub in Uzbekistan.
At a signing ceremony in Tashkent, the two companies signed the key agreements to support the collaboration, which aims to develop logistics infrastructure and services that will enable Uzbek and SEG’s refined products to reach global markets at competitive costs.
The ceremony attendees from the UAE included Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (ADDED); Dr Saeed Matar Al Qemzi, UAE Ambassador to the Republic of Uzbekistan; Captain Mohammed Juma Al Shamisi, MD and Group CEO AD Ports Group; Saeed Al-Bahri Salem Al-Ameri – director general of Abu Dhabi Department of Agriculture and Food Safety; and Hamad Al Hammadi, executive director, energy and utilities at ADQ.
Attendees from Uzbekistan included Ilkhom Makhkamov, Minister of Transport of Uzbekistan; Aziz Voitov, First Deputy Minister of Investments and Foreign Trade of Uzbekistan; Sherzod Khodjayev, Deputy Minister of Energy of Uzbekistan; Kakhramon Yuldashev, Deputy Minister of Agriculture of Uzbekistan; and Bakhtiyor Fazilov, Chairman of the Board of SEG.
Under the joint venture agreement, the two companies will create a partnership for logistics and freight forwarding services including intermodal freight forwarding, road, rail and air transport services, the development of inland ports and container depots, warehousing and other logistics infrastructure, contract logistics and custom clearance.
Furthermore, the joint venture will deploy new technology and specialised processes to address the challenges caused by Uzbekistan’s double-landlocked geographical location, surrounded as it is by five additional landlocked nations.
A Memorandum of Understanding (MoU) was also signed to support the development of an integrated food storage and distribution hub to enhance Uzbekistan’s food trade across global markets and drive Central Asian food security. Under the MoU, the two companies will collaborate on mutual opportunities relating to food storage, transportation, and security, and will explore related end-to-end solutions for the project.
Based upon the ‘Regional Food Hub – Abu Dhabi’ currently under development in Kizad, AD Ports Group will share their expertise and provide best practice guidance toward the new project. The food hub will collaborate with Rungis International Market, the wholesale fresh food market, to bring buyers, sellers, logistics players, consolidators, and distributors together to expand access to fresh food and boost exports for Uzbekistan.